Dock-Loading
New
For Sale
$6,225,000
2001 NW 93rd Ave, Miami, FL 33172
Industrial warehouse with dock access, ramp loading, substantial clear height, and on-site surface parking.
Property Size15,781 SF
Lot Size0.95 Acres
Price / SF$394.46
Days on Market3
Property Features for 2001 NW 93rd Ave
General Information
Standard status
Active
Size
15,781 SF
Total Parking Spaces
32
Lot size
0.95 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
15,781 SF
Dock-High Doors
2
Building Details
Building Size
15,781 SF
Year Built
1987
Buildings
1
Listing Agency:
(305) 490-6526
Listed By:
Matthew Rotolante, SIOR, CCIM · License ##BK3531036
(305) 490-6526
Source:
Lee-associates
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 16 at 8:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthew Rotolante, SIOR, CCIM
Investment Insights
Based on property information with market context.
This 15,781-square-foot warehouse occupies a 0.95-acre parcel and was built in 1987. The facility includes two dock-high loading doors, one ramp, and 20-foot clear ceiling height, supporting storage, manufacturing, and logistics operations. Surface parking provides 32 spaces for employees and visitors.
The property is located at 2001 NW 93rd Ave in Miami’s Doral Fingerlakes Industrial Market. Regional access includes SR826 Palmetto Expressway and SR836 Dolphin Expressway, each 1.8 miles away, with Florida’s Turnpike 3.5 miles from the site. The MIA Cargo Viaduct on NW 25th Street is 1 mile away, and Port Miami is 13.3 miles from the property.
The property is located at 2001 NW 93rd Ave in Miami’s Doral Fingerlakes Industrial Market. Regional access includes SR826 Palmetto Expressway and SR836 Dolphin Expressway, each 1.8 miles away, with Florida’s Turnpike 3.5 miles from the site. The MIA Cargo Viaduct on NW 25th Street is 1 mile away, and Port Miami is 13.3 miles from the property.
Key Highlights
- 15,781 SF industrial warehouse on a 0.95‑acre parcel
- Two dock‑high loading doors plus one ramp
- 20' clear ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$257,443
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,148,860
$5.1M
Cap Rate 7%
$3,677,757
$3.7M
Cap Rate 9%
$2,860,478
$2.9M
Market Conditions
NOI Build-Up for 15,781 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$318.1K $20.16/SF
− Vacancy
−$15.3K −$0.97/SF
EGI
$302.9K $19.19/SF
− OpEx
−$45.4K −$2.88/SF
NOI
$257.4K $16.31/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,148,860
Cap Rate 7%
$3,677,757
Cap Rate 9%
$2,860,478
Alternative Uses
Best Use
Warehouse
$3.68M
$3.22M – $4.29M
NOI $257,443 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.65M
$9.32M – $12.43M
NOI $745,659 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
2
Dock-high doors
Location Intelligence
Trade Area within ½ mile
2,865
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33172, FL
43,911
Population
16,103
Households
2.7
Avg Household Size
42
Median Age
32%
College-Educated
75%
High-School Grad
6.4 sq mi
ZIP Area
6,861
Density / Sq Mi
$61,733
Median Household Income
$35,061
Median Earnings
$1,926
Median Rent
$260,200
Median Home Value
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with dock access, ramp loading, substantial clear height, and on-site surface parking.
Where is this warehouse located?
The property is located at 2001 NW 93rd Ave Miami, FL.
What is the asking price?
The asking price for this property is $6,225,000.
What are key features of this property?
This property features: 15,781 SF industrial warehouse on a 0.95‑acre parcel; Two dock‑high loading doors plus one ramp; 20' clear ceiling height
